Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion
Mati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin.
Bitcoin (BTC) accelerated its decline on Friday, falling to roughly $59,685—the lowest level seen since October 2024, when US voters were preparing for the November presidential elections of that year.
Strategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.
June 5, 2026, 8:02 pmBitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins.
June 5, 2026, 7:30 pmMati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin.
SpaceX's Bitcoin gains highlight the growing trend of corporate crypto investments, potentially influencing future IPO valuations and strategies.
Saylor's Bitcoin dividend model could attract income-seeking investors but risks arise if Bitcoin's value declines, impacting sustainability.
Bitcoin's potential rise amid dollar weakening could drive institutional demand, but investors must weigh risks of echo chamber predictions.
Crypto pundit Ash Crypto has drawn attention to speculations about how institutions could be crashing the Bitcoin price on purpose.
Bitcoin is approaching one of its most closely watched support zones of the current market cycle, with traders assessing whether the flagship cryptocurrency can maintain its footing above $60,000.
ArXiv study finds a 2.58 p.p. carry wedge between IBIT options and CME futures.
Bitcoin’s June correction is now being accompanied by a sharp rise in whale deposits to Binance, according to CryptoQuant analyst Darkfost, reviving a pattern last seen during the market’s February stress event.
ARMA's structured oversight and long-term Bitcoin custody could stabilize market dynamics and enhance federal digital asset governance.